Platform: NinjaTrader (It's a love/hate relationship)
Favorite Futures: CL, TF, 6E
Posts: 176 since May 2010
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Our government is a hopeless addict. They are addicted to money and power. Unfortunately, we the people are the enabler in this relationship. We continue to pacify the addict in exchange for not having to face the reality of our situation. Only when the status quo becomes more painful than reform will there be any real change. Just like with addicts, we will have to hit rock bottom before we snap out of our delusion. Perhaps it's time for an intervention. It would be an interesting thought experiment to see what would happen if ALL the people said, "Enough" and just cut the government off. What most of fail to realize is that the power of the Federal Government in this country only extends as far as we are willing to give to them. IMO, it would get ugly though. Right now this government is fighting to retain it's power. I don't think we can imagine the lengths the Govt. would be willing to go if it was fighting for its very survival instead.
I have some scotch in me so against my better "sober" judgement, here goes nothing.....
Under a cultured veneer of pseudo - neutralism and subtle superiority this thread is littered with jingoistic judgmental opinions. Never mind that most people who say things of that nature may not have had the opportunity to live under conditions of poverty, despair, hopelessness, injustice and cruelty.
We live here, in a part of the world, marked that by geographic and historical confluence - away from troubles. Easy for us. Yet time and time again man has sunk to moral depravity from so called civil existence in protection of "his way of life, of his social standing" when faced with no other choice.
Pushed to the edge, how would I react? Would a continue to be a moral, ethical person that I think I am? Of course, stuff like corruption only happens in " those places".
This sort parochial nonsense marks human nature from the start of history. Human nature never changes, the "democratic" mob pushes their own agenda.
Then there is the outdated, illogical concept of nation hood and states. A concept in time that will hopefully, to the betterment of mankind, will done away with. Ideas will live, and societies based on similar ideals even more.....but nation states based on political ideology such as the world today perhaps less so.
Let the insults fly...I have thick skin and I have lived in these so called 3rd world countries. When you see the world with different eyes, you have less answers...only more questions.
I will wake up tomorrow and likely regret having written this....it never ends nicely...and I never learn! Chalk another one up to strange human behavior.
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One can only hope that Gene Roddenberry's future vision in "Star Trek" about how Earth and society works to benefit itself and improve itself, with no use for money or worldly possessions, may one day come to pass. Where everyone is united and works for the betterment of mankind. But I would say that's probably at least a couple of World War's away given the path everyone is on today.
But until then there is money, and with money corruption. I still believe the majority of Americans are vastly unaware of the treachery going on by their elected officials. I am glad I don't get cable TV anymore, I couldn't stand to watch the news with these politicians lying about everything all day. It is just a big game of deception, telling the American people want they want to hear just so the government can continue on doing what it is doing.
Someone earlier said American's are spoiled, fat, lazy, babies. I do not disagree, for the most part this is true when compared to the rest of the world. Which is why "bringing the change" (as the humors videos circulating recently put it) is going to be or already is so difficult.
I look at the differences between my generation and my grandparents, and its just HUGE. I'm talking about things like family values, the way children were raised, the way families spent money only within their means after saving up in the first place - rarely borrowing, etc. At least this is the case for my family and families I know. Compared to today, where the TV is who raises the mainly out-of-control kids and not parents, and if you want something you just buy it on a credit card and have no money in savings despite the fact your home is full of brand new electronics and appliances, and probably two brand new cars in the drive way.
Then there is the other end. I think a lot of people have realized in the last two years how materialistic their lifestyle was, when they lost their job and had no savings to fall back on, no emergency fund, yet have two 50k cars in the drive way with $1000/mo payments and a house that would qualify as a Palace in most any other country. When these people lost their job, if they were unlucky enough to find work soon and they had to give up all these material possessions in order to continue to put food on the table, then I think they probably have an entirely new lease on life and maybe will be better for it one day.
Of course there is everyone in between, including the single mom who was living within her means but when she lost her job it threw her life into chaos because she simply had no ability to have savings or emergency funds, there is no 50k car in the drive way to get rid of, there is no fancy possessions in the house to sell. When she is unable to find new work quickly, it is devastating for her life and family, and she may never be able to recover. Maybe her children are now unable to attend college. Maybe she can't afford a nice computer, or even high speed internet, so her kids never have the ability to learn the skills they may one day need working with computers. This is the true tragedy, and while this happens every day our government has decided that it is more important to give tax breaks to the wealthiest people in the country than it was to help families like this.
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Yet, these are the best of times - the web, with its instant communication of ideas is unstoppable. Populist revolt is cycling more often in more countries, people have lesser and lesser patience (Greece, Egypt are just two extreme examples). How can be seemingly more chaotic disorganized uprisings be anything less than encouraging. Our social consciousness is more aware, more likely to be set off armed with instant communication.
More relevant, even as flourishing traders - independent of a central system or a corporation we are less likely to have any allegiance to any such entity - private or public. In our own small way have the ability to focus our attention and at some point our resources into hopefully more dissent and independent behavior. I'd say - hurrah for that. Isn't that a great thing to hope for? That we could be cogs or agents of grassroots change.
On a more relevant and much more direct topic of market behavior - does anybody actually believe that it was the riots in Egypt that caused a 176 point drop in the most deeply capitalized market of the world? That everyone was selling on that particular day, and that the pros were actually "inactive" in the holidays when we were getting fat on turkeys.
Who is buying at the 2yr highs, not the pros. Using that as an excuse to say, the Suez is going to get shut down so oil is going to go to xyz price is a little hard to take. Hasn't price of oil already done 200% since its bottom a couple of years ago.
News is an excuse, you already knew that. And bottom line is prices move - and traders trade.
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